6 oil refining projects worth $9B of investments being conducted

CAIRO - 2 February 2019: Six mega projects with investments worth nine billion dollars are being carried out in the field of oil refining, Minister of Petroleum Tarek el Molla said Saturday.

These projects come as part of ongoing efforts to develop the Egyptian oil refining sector, el Molla said during his inspection of a project being carried out by the Egyptian Refining Company in Mosturod district of Cairo.

The new Egyptian Refining Company’s project, which costs 1.3 billion dollars, is meant to meet the local market's needs of oil and high-octane gasoline, the minister added.